Visa Inc. (NYSE:V) Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 42.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,568 shares of the credit-card processor's stock after acquiring an additional 9,956 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Visa were worth $10,609,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Kolinsky Wealth Management LLC boosted its stake in Visa by 14.6% in the 4th quarter. Kolinsky Wealth Management LLC now owns 4,136 shares of the credit-card processor's stock worth $1,307,000 after buying an additional 527 shares during the last quarter. Ames National Corp acquired a new stake in Visa in the 4th quarter worth about $632,000. White Knight Strategic Wealth Advisors LLC boosted its stake in Visa by 94.3% in the 4th quarter. White Knight Strategic Wealth Advisors LLC now owns 12,201 shares of the credit-card processor's stock worth $3,856,000 after buying an additional 5,923 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Visa in the 4th quarter worth about $776,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Visa by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,321,754 shares of the credit-card processor's stock worth $4,210,207,000 after buying an additional 1,723,785 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at $194,931. The trade was a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares of the company's stock, valued at $8,642,333.60. This represents a 59.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on V shares. Evercore ISI started coverage on Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price objective on the stock. William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Wells Fargo & Company raised their price objective on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Citigroup restated a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Finally, Piper Sandler raised their price objective on Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Visa currently has a consensus rating of "Moderate Buy" and an average target price of $362.38.

Visa Price Performance

V stock opened at $366.96 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $369.15. The stock's 50 day moving average is $340.06 and its two-hundred day moving average is $330.68. The company has a market capitalization of $677.10 billion, a PE ratio of 36.99, a P/E/G ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. During the same period in the previous year, the business earned $2.51 EPS. Visa's revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be given a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa's payout ratio is 23.72%.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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